First Digital redeems $26M after FDUSD depeg, dismisses Sun insolvency claims

First Digital has redeemed almost $26 million in stablecoin withdrawals after its FDUSD FDUSD - $0.998761900947232 token briefly lost its US dollar peg following allegations of insolvency by Tron founder Justin Sun.First Digital USD FDUSD FDUSD - $0.998761900947232 depegged on April 2, briefly falling as low as $0.87 after Sun claimed that First Digital was insolvent. On April 4, Sun doubled down on his allegations, claiming the firm transferred over $450 million of customer funds to a Dubai-based entity and that it violated Hong Kong securities regulations.

Source: cointelegraph.com

Related symbols: SIRIUSUSD

2025-04-04 12:29:02 GMT.

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Price & Market Data

Price: $0.998761900947232

Volume 24h: $3,622,528,503.02

Market Cap: $1,644,228,441.90

Description

First Digital USD (FDUSD) is a cryptocurrency launched in 2023and operates on the Ethereum platform. First Digital USD has a current supply of 1,646,266,683.123434. The last known price of First Digital USD is 0.99854679 USD and is down -0.01 over the last 24 hours. It is currently trading on 524 active market(s) with $3,774,976,855.87 traded over the last 24 hours. More information can be found at https://firstdigitallabs.com/.